Main navigation

Solana (SOL) Now Base Currency on Bitrue: Details

Wed, 04/27/2022 - 15:15
article image
Tomiwabold Olajide
Bitrue has welcomed Solana (SOL) to its base currency list
Solana (SOL) Now Base Currency on Bitrue: Details
Cover image via

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Read U.TODAY on
Google News

According to the official announcement, Bitrue has welcomed Solana (SOL) to its base currency list. In February, Bitrue announced Cardano (ADA) support by adding it as a base currency.

Solana's development

According to Santiment data, Solana remains among the top 10 fastest developed assets in April.

In the list of the top 10 projects by aggregated development activity based on publicly available Github information for April, Solana ranked in the top three. With 408 submissions per day, the listing positions Solana as the second-most-developed asset ahead of Filecoin, which ranked third.

Santiment's metric tracks the development data of thousands of public Github repositories. With more users contributing to a project, the higher the place it gets in the ranking. While development activity has little-to-no impact on near-term market prices, it may be a healthy indicator of the project's long-term growth.

SOL price action

Solana has been locked in a sideways trading market since April 12. In the past three days, SOL has traded beneath the $100 mark. At the time of publication, Solana was trading marginally down at $98.

Solana prices have dropped by nearly 10% in the past week and 20.42% for the month. Despite the price drop, SOL is showing potential signs of a rebound. However, a decisive close above the daily moving averages 50 and 200 is necessary to resuscitate the uptrend.

article image
About the author

Tomiwabold is a cryptocurrency analyst and an experienced technical analyst. He pays close attention to cryptocurrency research, conducting comprehensive price analysis and exchanging predictions of estimated market trends. Tomiwabold earned his degree at the University of Lagos.